SunGard, the highly-acquisitive US technology group, has bought a private equity technology firm in a move aimed at bolstering its investment management division.

The division, known as SunGard Investment Management Systems, has bought the Miami-based Financial Technologies, which develops software for portfolio administration and accounting for private equity firms, for an undisclosed sum.

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The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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SunGard expands into private equity

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